Blog

Does a Deck Increase the Value of a Home? Do you want to build a deck but are unsure of the value it will add to your home? Learn how decks add to the value of a home and how to get more out of your deck investment. Modern decks, which are synonymous with outdoor living, are a must for any homeowner. Due to the previous COVID outbreak, householders learned to value sunshine and clean air. Decks have grown particularly more important in areas with year-round temperate weather, like Ohio. Perhaps you've been thinking about adding a deck, but given the time and money involved, you're not sure you're ready to take on that job. But when it comes to DIY renovations, a deck may significantly increase the value of your house. It also disturbs your house less than many interior improvements do. Decks are sometimes even more common than patios and porches. As you consider your possibilities, you might be curious: How much value does my home gain from a deck? How much is a brand-new deck? Does the investment make sense? The quick response is yes, and it unquestionably provides value. The broader answer is that the worth relies on how much you personally love it as well as the choices you make for your deck's materials and design. Does Adding a Deck Increase the Value of Your House? Depending on the materials used, the cost of labor, and the deck's design, the average deck can recover up to three-fourths of its cost. To what extent does a deck add value? A deck extension is among the top 10 outdoor home improvements, according to Remodeling magazine's Cost vs. Value Report for 2021 . When a home is sold, a wood deck, which typically costs $16,766, will recover approximately 68% of its value, and a composite deck, which typically costs $22,426, will recover about 63%. The cost of creating a new deck is more affordable in areas where outdoor activities are more prevalent throughout the year than it is in areas with more extreme temperatures. Easy-to-maintain composite decking is a popular option for new decks because of the rising cost of lumber and continuing upkeep required for wood structures. You only need to look at the local real estate listings to find numerous listings that feature a composite deck. It's obvious that homeowners and realtors treasure this backyard feature. 25% of the homes identified a deck as a feature in a recent Zillow search of properties for sale in the greater DC metro area. Personal elements should be taken into account in addition to the financial benefits of house improvements at the time of selling. The National Association of Realtors rates various renovations on a scale of 1 to 10 based on their "joy" factor; the higher the rating, the greater the level of enjoyment. Decks scored 9.8 out of 10, which is due to: After the improvement was finished, 81% of homeowners claimed to have a stronger desire to be at home. 74% of people report feeling happier while they are at home. When they think back on the project, 77% say they have a strong sense of accomplishment. Tips To Ensure A Deck Raises Home Value A deck will raise the value of your property, but the return on investment (ROI) can vary depending on location, material, time, and labor expenses. Location Homebuyers may anticipate that you will have a living area where they may eat outdoors, barbeque, or relax by the pool if you reside in a warm environment where outdoor activities are popular. A deck offers an extended space for hosting gatherings with friends and family in the late spring, summer, and early fall, even in chilly climates. Additionally, homeowners should strongly consider composite decking in those colder regions, such as North Dakota or Minnesota, as it will endure far longer than wood. Material While there is a slight difference in ROI when comparing the construction of a wood and composite deck, the difference narrows when you take the cost of staining, sealing, and sanding into account over time. To keep a wood deck from splitting and decaying, the sealant must be applied frequently. Within eight years, the average wood deck starts to decay. You may need to apply a fresh coat of sealant if water doesn't bead up when poured on wooden deck boards. The composite decking from Trex, on the other hand, comes with a 25-year limited warranty and requires only occasional cleaning. Timing As was already noted, in addition to the financial benefits, a deck may also add to the homeowner's quality of life. You might not want to make a pricey deck project investment if you want to sell your house soon. However, if you intend to live in your house for a long time, it would be worthwhile to give your deck construction more consideration and facilities so you can enjoy this outdoor space for many years to come. If you are in the Lake County, OH area and are in need of a deck builder, give us a call at (330) 338-9107 or fill out the contact form on our website! Source: Cost VS. Value Report